dRends35

BITCOIN - Bounce: A Weekly Incident?

Short
dRends35 Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin looks to be forming a wick through the 0.5 fib on the weekly candle - taken from the significant local high to low.

These algos seem to be very orgnaised within the various timeframes and the close is often a juncture for reversal.

Very probable this bounce is done in the 0.5 fib area and price will be back to dribbling downward next week.

Not advice.
Comment:
Comment:
Price extends to 0.618. A great short is right here if shorting BTC is your thing - although there may be alts with better RR.
Comment:
Not advice.

Next video Saturday 22 June😼.

Hodlers assume an obvious next wave up but will there be a sting in the tail💀.

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